Mortgages  

Virgin Money increases maximum buy-to-let LTV

Virgin Money has increased its maximum buy-to-let loan-to-value from 70 per cent to 75 per cent, following feedback from its intermediary partners.

Available from today (14 March) is a two-year fixed rate at 4.15 per cent with a £995 product fee, a two-year fixed rate at 3.74 per cent with a £1,995 product fee, a three-year fixed rate at 4.89 per cent with a £995 product fee and a five-year fixed rate at 4.55 per cent with a £1,995 product fee.

A two-year fixed rate at 3.35 per cent with a 2.5 per cent product fee and a two-year fixed rate at 4.09 per cent with a £995 product fee.

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Cashback of £750 remains available across Virgin Money’s core range of buy-to-let products (excluding intermediary exclusives).

Peter Rogerson, savings and mortgages director of Virgin Money, said: “We reviewed our proposition after listening to feedback from our intermediary partners and believe the increase to 75 per cent loan-to-value will improve choice for those looking for a buy-to-let product in the market today.”